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John_Mwaniki

USDJPY Analysis: Price bounced off from a resistance level

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
John_Mwaniki  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY usdjpyshort usdjpyanalysis usdjpysetup resistance_level
3
0
trendanalysis chartpattern indicator usdjpy usdjpyshort usdjpyanalysis usdjpysetup resistance_level
The price bounced off from a strong resistance level at around 108.949.
Price is also following a clear ascending channel. It may proceed downwards to the support line of the channel. Kindly take note of the dotted line 1 as it is a strong one too.
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